Until recently, a 620 credit score was the minimum requirement for a conventional mortgage. That’s no longer the case. Now, borrowers with lower—or even no—credit scores may qualify for conventional financing. 🏢 Why This Matters for Condo Buyers Most condos in the U.S. are not FHA approved. That used to limit options for buyers with lower credit scores. With this […]
People do not realize that 95% of all lenders use Fannie Mae to get loans approved. The reason for this is because it is more difficult for a lender to get approved to do Freddie Mac loans. If a customer gets turned down for an FHA loan there is a very good chance the lender was trying to go to […]
Student loans can affect the loan process in multiple ways. They could limit you on how much you can buy or they could prevent you from buying a home all together. We will look at how student loans affect FHA, VA, USDA & conventional loans. Student loans are looked at differently depending on what type of loan you are […]
People do not realize that 95% of all lenders use Fannie Mae to get loans approved. The reason for this is because it is more difficult for a lender to get approved to do Freddie Mac loans. If a customer gets turned down for an FHA loan there is a very good chance the lender was trying to go to […]
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